GAB Robins Group Appoints Executive Vice President-CFO
GAB Robins Group has appointed Robert E. Broatch executive vice president and chief financial officer. Broatch, who will be based at GAB Robins' headquarters in Parsippany, N.J., was senior vice president and CFO See Chief Financial Officer. for UnumProvident Corp. in Portland, Maine Portland is the largest city in the U.S. state of Maine, with a 2004 population of 63,882. Portland is Maine's cultural, social and economic capital. Tourists are drawn to Portland's historic Old Port district along Portland Harbor, which is at the mouth of the Fore River and part .
Before joining UnumProvident, Broatch was senior vice president of finance with Aetna Inc. in Hartford, Conn.
Crum & Forster Selects President
Nikolas Antonopoulos has been named president of Crum & Forster, Morristown, NJ.
Before joining Crum & Forster last year as an executive vice president, Antonopoulos was a principal of Marsh & McLennan Capital Inc. Antonopoulos will report directly to Chairman and Chief Executive Officer Bruce Esselborn.
CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Quits at Australia's Reac
Nick Steffey has resigned as chief executive officer and managing director of Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Australia Corp. Ltd., the troubled Sydney, Australia-based reinsurer re·in·sure
tr.v. re·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. that is putting itself into runoff.
Steffey's resignation culminates a rapid descent from a year ago, when he was fresh on the scene at Reac and touting a strategy to steer his company through a market that was pounding other Australian reinsurers. But 1999 proved disastrous for Reac, and in February the company announced it was preparing to go into runoff after its year-end losses ballooned to an estimated A$377 million (about $226 million).
Zurich Global Energy Appoints Smith as Senior Vice President
Zurich Global Energy, Schaumburg, Ill., has appointed Denis Denis, king of Portugal: see Diniz. H. Smith senior vice president of claims. In this newly created position, Smith will be responsible for maintaining global claims integrity in concert with Zurich Global's core philosophy.
Before joining Zurich Global Energy, Smith spent four years at Ace International, formerly Cigna International, as vice president of claims worldwide. He was vice president/claims manager at Starr Technical Risks, a division of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. Inc.
Wright Leaves Zurich for Ace USA
Joyce Wright Joyce Wright (born June 23 1922) is an English singer and actress, best known for her performances in the mezzo-soprano roles of the Savoy Operas with the D'Oyly Carte Opera Company. She was married for a time to another D'Oyly Carte performer, Peter Pratt. , the head of claims at Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations
The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance , resigned to become executive vice president and operations officer of Ace USA.
Wright is responsible for the Philadelphia-based U.S. operations of Ace Ltd. She will oversee communications, risk management, marketing, administration, reinsurance and operations.
Ace USA consists largely of the U.S. property/casualty operations that Ace Ltd. bought from Cigna Corp. Wright will report to Ace USA President and Chief Executive Officer Dennis Reding Reding may refer to: People
Transamerica Reinsurance Names Bidelman Executive Vice President
Transamerica Reinsurance, Charlotte, N.C., has appointed Wayne D. Bidelman executive vice president.
Bidelman also was named president of Transamerica Reinsurance's international division and will serve on the management board and executive committee. With 25 years of experience in the life/health reinsurance industry, Bidelman will lead the company's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , including its recently announced expansion into the Latin America and the Asia-Pacific regions. He also will help establish a U.S.-based international unit responsible for providing support to these offices.
Bidelman comes to Transamerica Reinsurance from ING Re, where he was involved in all aspects of the life reinsurance business, including marketing, sales, actuarial, risk selection, product consulting, strategic planning and international reinsurance.
Safeco Appoints Lead Director To Help Improve Its Profitability
Safeco Corp.'s board has appointed longtime board member William G. Reed Jr. as lead director to help the Seattle-based company's management team to improve its profitability.
Reed, 61, was the chairman of Simpson Investment Co., a forest-products holding company, until retiring in 1996. He continues to serve on the company's board and the boards of Microsoft Corp., the Seattle Times, Paccar Inc., Washington Mutual Inc. and Washington Mutual Bank. Reed has been on Safeco's board since 1974.
Horizon Blues Taps General Counsel
Horizon Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of New Jersey has appointed Thomas J. Calvocoressi vice president, general counsel and secretary. Calvocoressi was with Aetna Inc., Hartford, Conn., for 16 years, most recently as vice president and general counsel.